About the Transaction
Paramax advised Stampede Global Holdings, Inc., the global leader in value added ProAV distribution, on the sale of its stock to DCC plc, a £14.3 billion public company listed on the London Stock Exchange. Paramax served as the exclusive M&A advisor to Stampede on this transaction.
DCC, headquartered in Dublin, Ireland, employing 11,000 people across four divisions in 17 countries, pursued this strategic acquisition in order to add the Stampede brand to their current portfolio and further complement their existing European brand (Exertis). Tim Griffin, DCC Technology, Managing Director, said “The combination of Stampede’s expertise in value added distribution and our (DCC’s) resources is going to unleash a new wave of opportunity for our partners in ProAV around the world. By establishing a presence in North America, we will be strategically positioned to leverage all of the new opportunities we expect to develop as a result of this acquisition.” Stampede President and CEO, Kevin Kelly, called the acquisition “game changing”, and said, “Overnight, Stampede has become one of the world’s largest ProAV distributors.”
Stampede, which was founded in 1998 and is headquartered in Amherst, NY, has been a pioneer in the commercialization of new technologies, platforms, products, and services. Much of Stampede’s success over the years has been the result of the Company’s innovative solutions and strategic geographical positioning, which has allowed Stampede to provide high quality solutions to its network of dealers throughout North America. Kelly said that the acquisition does not change the way Stampede conducts business around the world. In fact, it will accelerate the Company’s global business development efforts.
DCC is a leading international sales, marketing, and support services group focused on performance and growth through its four operating segments: Technology, Healthcare, Retail & Oil, and Liquefied Petroleum Gas. Specifically, the DCC Technology segment which operates under the trade name Exertis, provides a broad range of consumer and business technology products and services to retailers and resellers throughout Europe. DCC plc is listed on the London Stock Exchange and is a constituent of the FTSE 100. In its financial year ended 31 March 2018, DCC generated revenue of £14.3bn and operating profit of £383.4m.
Paramax Corporation, which led the deal negotiations for Stampede, is a FINRA-registered investment banking firm focused on advising companies and shareholders in sell-side M&A transactions. Paramax focuses on advising companies and shareholders in sell-side transactions to strategic buyers at after-tax optimized prices. Paramax is headquartered in Williamsville, NY with an International reach through its partnership with Globalscope Partners, a leading group of corporate finance and business advisors operating globally to support M&A transactions. In addition to its sell-side advisory practice, Paramax engages with clients on buy-side and recapitalization transactions, as well as valuation and strategic consulting.
